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That’s great, and also moot when the vast variety of coin holders opt for the convenience of a centralized third party service instead. With fiat, you also hav
by Apocryphon 4y ago
That’s great, and also moot when the vast variety of coin holders opt for the convenience of a centralized third party service instead.
With fiat, you also have the option of storing gold yourself.
- selectodude 4y agoYou can fit $1 million in a briefcase in a safe. No need to rely on fractional reserve banking to store your money. Granted, that would be stupid, but it's certainly an option.
- notch656a 4y agoThe problem with fiat is a completely unknown monetary supply function. Gold makes a lot more sense IMO in your scenario as there's a finite amount in and on the earth, and it would take a scientific breakthrough to economically create more than that.